How to prepare for a recession
The news that U.S. gross domestic product (GDP) shrank at an annual rate of 1.4% in the first quarter of 2022 has raised recession alarm bells. A recession is defined as a decline in GDP over two successive quarters. Although our portfolio managers concur that the probability of a recession has increased from six months […]
High Inflation: How Long Will It Last?
In March 2022, the Consumer Price Index for All Urban Consumers (CPI-U), the most common measure of inflation, rose at an annual rate of 8.5%, the highest level since December 1981.1 It’s not surprising that a Gallup poll at the end of March found that one out of six Americans considers inflation to be the most […]
Smoothing market ups and downs
After the wild ride of 2020, the U.S. stock market was relatively calm in 2021, but there was still plenty of volatility. There were 55 days when the S&P 500 index — generally considered representative of U.S. stocks — closed with a rise or fall of 1% or more from the previous day’s closing price. […]
